La Arts
- Assets
- $362.7k
- Revenue
- $187.8k
- Investments
- $122.8k
- Employees
- 1
- Location
- Lewiston, ME
- Founding
- 03/1984
- Data as of
- 06/2024
- EIN
- 01-0391208
Organization Overview
La Arts is located in Lewiston, ME. The organization was established in 1984. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, LA Arts generated $187.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $125.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENGAGE A VIBRANT COMMUNITY THROUGH ARTS AND CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART WALK LA - A SERIES OF COMMUNITY EVENTS FEATURING ART EXHIBITIONS IN DOWNTOWN STORES AND GALLERIES, ALONG WITH MUSICAL AND OTHER PERFORMANCES IN PUBLIC SPACES, TYPICALLY HELD ONCE A MONTH IN THE FIVE WARMEST MONTHS AND AVAILABLE FREE TO ALL RESIDENTS AND VISITORS. SERVING OVER 500 PEOPLE
LA ARTS IS A FOUNDING AND FACILITATING MEMBER OF ARTS & CULTURE LEWISTON AUBURN (ACLA), A MARKETING COLLECTIVE OF 19 ARTS AND CULTURAL ORGANIZATIONS IN CENTRAL MAINE THAT ADVOCATES AND PROMOTES THEIR WORK TO THE PUBLIC. ACLA DEVELOPS AUDIENCES AND INCREASES AWARENESS OF ARTS AND CULTURAL EXPERIENCES FOR THE GREATER LA REGION.
VISUAL ARTS PROGRAMMING - EXHIBITS OF WORK BY LOCAL AND REGIONAL ARTISTS IN OUR GALLERY AT 168 LISBON ST., LEWISTON, AND OTHER LOCAL SITES; COMMISSIONING AND PUBLICIZING WORKS OF PUBLIC ARTS IN THE COMMUNITY.
PERFORMING ARTS PROGRAMMING - PRESENTING CONCERTS BY LOCAL AND NATIONAL MUSICAL GROUPS, AND HOSTING STORYTELLING AND OTHER OPEN-MIC EVENTS, ALL IN OUR SPACE AT 168 LISBON ST., LEWISTON, AND ELSEWHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Parakilas Chair | OfficerTrustee | 15 | $0 |
Darby Ray Clerk | OfficerTrustee | 5 | $0 |
Mark Lee Board Member | Trustee | 2 | $0 |
Mary Callahan Board Member | Trustee | 2 | $0 |
Allie Smith Board Member | Trustee | 2 | $0 |
Elijah True Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,980 |
| Total Program Service Revenue | $4,204 |
| Investment income | $2,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $125 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $283 |
| Payroll taxes | $10,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,725 |
| Advertising and promotion | $4,285 |
| Office expenses | $3,751 |
| Information technology | $1,582 |
| Royalties | $470 |
| Occupancy | $26,513 |
| Travel | $1,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,633 |
| Insurance | $6,952 |
| All other expenses | $0 |
| Total functional expenses | $125,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,661 |
| Savings and temporary cash investments | $10,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $122,770 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,952 |
| Total assets | $362,667 |
| Accounts payable and accrued expenses | $667 |
| Grants payable | $0 |
| Deferred revenue | $175 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $842 |
| Net assets without donor restrictions | $207,142 |
| Net assets with donor restrictions | $154,683 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $362,667 |